O’Melveny Legal Malpractice Drama Heads Back to Court

A federal judge in Los Angeles will hear arguments Oct. 21 about whether she should set aside an arbitration award finding that O’Melveny & Myers didn’t commit legal malpractice during its representation of a now-defunct investment boutique.

U.S. District Judge Christina Snyder is presiding over a long-running case that pits Aletheia Research and Management’s Chapter 7 estate trustee, Jeffrey I. Golden, against the BigLaw firm.

Arbitration awards aren’t overturned lightly, and a finding in favor of Aletheia could leave O’Melveny on the hook for millions in alleged losses and damages.

But Golden likely will face an uphill battle to convince ...